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for the debate in congress? as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
debate is whether to raise that debt ceiling. 69 percent of you said it should only be raised after major cuts are made where 23 percent say it would be reckless not to. it is coming up. >>> powerful wind gusts tearing through the midwest knocking down this frtree and causing ito fall into the house in ohio. luckily the people inside the home were in the basement so they were not injured. >>> with the stong winds comes a a -- strong winds comes a bitter cold snap. for more let's go to maria molina. >> we are not looking at cold temperatures across the areas of the midwest but also in the oifrt ea northeast. we didn't get this cold in places like the northeast. take a look at portions of the midwest. 6 below zero the current temperature in minneapolis. that is not the windchill. it feels even colder and some places will be looking at windchill temperatures more than 20 degrees below zero. we are talking about dangerous conditions across places in the upper midwest. make sure your home is winterized. we are only going to be seeing a hyatt 4 below zero 8 degrees below zero in far go. 45 dc a
ceiling extended to next year -- $2.5 trillion. they can't even -- congress has not been able to identify $1.2 trillion in cuts that they're happy with. because these same republicans say they don't want to cut defense, they've claimed that they don't want to gut medicare or harm the vulnerable. but the truth of the matter is that you can't meet their own criteria without drastically cutting medicare, or having an impact on medicaid, or affecting our defense spending. so the math just doesn't add up. now, here's what would work. what would work would be for us to say we've already done close to $2 trillion in deficit reduction, and if you add the interest that we won't be paying because of less spending and increased revenue, it adds up to about $2.5 trillion. the consensus is we need about $4 trillion to stabilize our debt and our deficit, which means we need about $1.5 trillion more. the package that i offered to speaker boehner before we -- before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure that we a
saying we'll have bitter fights perhaps debt ceiling shutting down the government, perhaps begun control. they will be tough fights and the american people need to be ready for that. >> john: george, it seemed--what are your thoughts on that before i move on. do you think that was a pretty direct calling out of mitch mcconnell and the republicans? >> yes, look over the next few months we'll we you'll have a big fight over the sequester the funding of the government and the debt ceiling. i think he's trying to pull out the weeds of that because none of it is the soaring lofty rhetoric. i think he's trying to push past that mess to what he would care to do. >> john: alex, after seeing how large a role the hispanic vote played in the 2012 election and how poorly mitt romney played to that demographic. let's not forget his univision appearance what i call gringo star. >> they may need to work out what the messaging is going to be on this site. if they don't you can bet the democrats will use it in the the 2014 midterm. you remember in 2010 when democrats could not get the minority voters out
but it is a dangerous game to, well, let's pass the debt ceiling extension but deal with it the next time. we were here in august of 2011. we had the "gang of six", we had the super-committee, all these smart people that were supposed to come up with a resolution how we're not getting back to this spot and guess what? we're here. melissa: absolutely. dennis i will kick it back to you on that one. everyone thinks this sound like, i don't want to say it is, such a cliche, kicking the can down the road again. >> we have to deal with this, this is wasteful spending. we have an element no one is talking about i want to introduce on the show. you have exponential growth of debt due to compounded interest. we have structural problems the way we handle our money system. this is something that we're going to have to address sooner or later. you can kick the can down the road but we'll still have debt. we have to deal with the underlying issues how these debts are created. cut the wasteful spending but also look at the, at the system that we have that causes the debt to grow exponentially because of the come pou
future, will be able to get the debt ceiling increased without a reignition, reigniting of the same discussion of how do we cut spending and get america headed in the right direction. i expect the next president, whoever that is, will be asking us to raise the debt ceiling again in 2013. we'll be doing it all over. >> today, mitch mcconnell doesn't sound so tough. instead of demanding spending cuts on entitlement reform, here is his new demand. the american people expect the senate to finally pass a budget. this is the new republican leverage. it's a pretty weak hand. don't you think? house republican whip kevin mccarthy was in full spin mode about the new terms of the debt limit fight. >> the senate has never even passed a budget. tts rule of the law that by april 15th, you have to. so, we're saying we will extend the debt limit until the timeline where you have a budget, a road map. so you stop digging yourself in the hole and we get out of this problem. part of not having the budget has gotten us into this problem in the first place. >> the senate is had an operating under the 20
the next 90, 120-day period, he's talk about that debt ceiling are increase, you can push it off and continue really fighting over budgetary issues. how is this going to be any different than the last session? >> first of all, for speaker boehner to even suggest that this is a 90 or a 120-day window, is really problematic, because -- >> why? >> because what they're continuing to do is perpetuate the uncertainty. this economy is already in the midst of a fragile recovery. we're continuing towards it becoming more robust, but we can't just keep increasing the debt ceiling in small bites. we've got to make sure we take that off the table, that is nonnegotiable. you have to pay your bills. you can't jeopardize the full faith and credit of the united states. and what we need to do, we agree, and we had that debate during the campaign. the hard-working american taxpayers that he referred to decided that president obama was right. they agreed with him, which is that we need a balanced approach to deficit reduction. we do need to get a handle on spending. we also need to make sure that e
, and coming up. if house republicans really do something crazy with the debt ceiling, will they do that? ezra klein answers that question next. >>> and on the one-month anniversary of the sandy hook elementary school shootings, the nra has released a video. the same group that blamed the violent video games for the massacre in newtown. >>> and scott brown's political future, more observers saying he won't run for senate. and as i said, corey booker, who has announced his intention to run for senator in new jersey. the problem is he may have to run against fellow democrat and current senator franken lautenberg, as far as we can tell, they agree on just about everything. corey booker will answer steve kornacki's questions and will get tonight's last word. ♪ ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you missed a spot. ...i'll look back on this day and laugh. love. it's what makes a subaru, a subaru. . >>> so newark mayor cory booker has a problem, he wants to run for senate. the problem is there is currently an incumbent democratic senator in the seat he wants to r
there and hope to continue that through the next round of debt ceiling talks. remember, neil, there are two issues that the rating agencies are looking for, they want an orderly increase of the debt ceiling. they say no strings attached. you go further down into those press releases and they are saying, we want a budget deal, this year, 2013. that is something that republicans are looking for and that is something they hope to secure out of all of this. neil: peter barnes, if you are still with me, too, i want to bring you into this. secretary of state hillary clinton with john kerry. there was a clear message in the president's remarks that, of course, the u.s. will always be involved, i am paraphrasing of course. there is clearly a pullback here. a mentality expressed by the likes of chuck hagel and, of course, john kerry that the u.s. should not be involved in each and every crisis that comes up. in other words republican critics will say surrounding that role to international agencies, united nations or europe, more to the point. the french wanting some funding and more support and what
? >> they took a baby step with this debt ceiling thing saying you pass a budget. the next step is to say, okay, as part of a program of fiscal responsibility, we have to do something about this going forward. the reality is, republicans do not have much leverage. they lack the courage of their own convictions. they are scared silly because they think they will lose elections that way. dagen: what is the game plan down the road, though? will they just wait until we are on the verge of these programs starting to run out of at least some money and then they will raise taxes on wealthier people to fund them? there has to be a long game plan >> you are talking about these politicians acting like adults and thinking long-term. i do not think there is a long-term game plan when it comes to dealing with entitlements. connell: paul krugman wrote a big piece about that. we do not have to do with it now, just put it off. >> just think about the debate that we are having right now. democrats are saying we need to raise taxes for government spending. it is medicare, social security, military and other thin
, the leadership at least says what they are going to try to pass next week would raise the debt ceiling for three months but with a condition. and that would be that the house and senate pass budgets. it may seem simple but house republicans like to point out that they haven't passed a budget in years. we already saw a carefully worded statement welcoming the gop move but also making clear he doesn't want conditions on it. sources say they are not really sure how it's going to play out but so farther playing along. the white house is softening its hard line, too. jay carney said that he is, quote, encouraged. >> let's see how encouraging it all becomes. thanks so much for that, dana. >>> as a tense hostage situation unfolds in algeria, serious questions about how or whether to negotiate with terrorists continuing right now. we're going to get some insight and analysis. plus, seven cities, four states, 100 federal offices and cnn is there as an alleged sex slave network is busted. our exclusive report. that's next. [ ryon ] eating shrimp at red lobster is a fantastic experience. 30 shrimp for $11.
-- >> in the liberal, democratic primaries in 2016. >> let's talk about the debt ceiling, maybe doing something on monday, to cutting off paychecks. >> will there be movement next week? >> they can do it. republican leaders are saying let's not have a fight with the president over it. the politics are terrible, so what they want to do is say, look, we'll give a debt ceiling increase, but what you have to do in the signal is pass a budget. that's the current thinking right now. that gives them more leavage. >> i guess you guys will talk about the second term? >> we have senator schumer, senator cruz from texas, so we'll talk about guns, the debt, and great roundtable, too. and where there's some real challenges and opportunities there as well. you appeared in it. >> i don't want to commen about any of that. it has nothing to do with me. the nra does what it does. the ad is factually incorrect. i think, you know. this is not about me. i ask tough questions on both sides on my program. people sometimes want to make me a political target, which i shouldn't be. in this particular case, they're takin
obama raising eyebrows say we are not a deadbeat nation, but is he right? and as the debt ceiling comes closer, will the white house use the nuclear option? does he have the legal authority to do so? that's next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ gerri: is another credit downgrade coming? fitch warning today they will downgrade the u.s. triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychologic
-term debt ceiling extension. is it too short? does this get us past the hump? >> well, you know, look, this is an attempt by republicans to acknowledge that in a way president obama has won on the i won't negotiate. >> it's not ending the problem, but it is an acknowledgment by house republicans that having that fight right now is not one that is politically advantageous for them, and not advantageous for the country. it does not mean, however -- obviously, it does not mean that we may not have down the road in three months time, and now kind of mid to late spring, we may not have the fight we are expecting to have next month. >> only 44% disapproval rating for the president. that's a pretty good head of steam going in. real concerns about whether the president and congress can do mying about the economy, which is job one. >> the vast majority say it's in the wrong direction. there is a pessimism, is the best word i can use, about the deposit's willingness and i think even more worrisome ability to fix the problem. >> there is a decline in confidence. there is a broader trend, but it'
, in williamsburg, virginia, today, house republicans have agreed to take up the plan next week to extend the debt ceiling with some conditions. i think that's boring and uninspiring. let's go to the source of this cnbc contributor robert costa. . . i think it's boring, boring, boring. you tell why this is a great. are not attached to this proposal. very three months. let me say this, from all my reporting down there in eastern virginia default on the debt. so what they're trying to do is just punt on the debt ceiling and focus the spending cut fight on the upcoming continuing resolution to fund the government. >> i didn't hear any focus on spending cuts. and i didn't hear any focus on the sequester. and i'm looking at rasmussen polls that show me that the public wants across-the-board spending cuts. and you and i both know the republican base is hungry for that after getting hosed in that high tax bill. >> i think you're a bit off, larry, respectfully in that republicans i think want to have these spending cuts. but they're picking a strategic battle. and you could be right in saying they're pick
. there's really important things he's working on, including the next big discussion on the debt ceiling. >> and it has always been true that good policy makes good politics. so if he does want to run for president, taking care of his policy now is probably the best way to do it. >> focusing on being the best vp he can possibly be. >> delaware attorney general, beau biden, thanks for taking the time. i know it's been a busy couple of days. >>> now, what really happened during that four-day hostage crisis in algeria. the very latest on that situation is. coming up next. plus, new signs that russia may be preparing for the collapse of syria's government. >>> but first, today's trivia question. how many presidents have chosen not to swear the oath of office? tweet us, @dalyrundown. the first correct answer will get a follow tuesday from us. that answer and much, much more is coming up on t"the daily rundow rundown". >>> time for the "your business" entrepreneur of the week. kathleen king had a successful business in the hamptons, but a partnership that went sour resulted in her losing it. l
and taxes have something to do with it. coming up, house republicans have a plan for the debt ceiling. they may want to be careful what they wish for. next, what was once considered the best investments out there not performing. we take a look get next. it's a new day. if your a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. ll your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged
the debt ceiling will america will go into default and we might have to sell florida. say goodbye to nana and pop pop. >> chimpy up next. >> the morning news starts at 4:30 appreciate your time have a good night. a good night. >> good night "jimmy kimmel live"! tonight ellen degeneres. the bachelor sean lowe. and music from onerepublic. with cleto and the cletones. and now from this point on, here's jimmy kimmel! [ cheers and applause ] >> jimmy: welcome. hi, i'm jimmy. i'm the host. thanks for watching. thank you for -- raising the arctic 50 degree weather to be here tonight in hollywood. very kind. i do appreciate
sandy victims. up next, scare tactics trying to back republicans into going along with the debt ceiling increase. we willake up the impact in tonight's "chalk talk." and the administration looking to enact sweeping immigration reforms in a mass of new the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her likes 50% more cash, but i have an idea. do you want a princess dress? yes. cupcakes? yes. do you want an etch-a-sketch? yes! do you want 50% more cash? no. you got talent. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? i usually say that. >> america cannot afford another debate with this congress about whether they should pay the bells they have wracked up. if congressional republicans refuse to pay america's bills on time, social security checks and velveterans benefits checks wile delayed. lou: social security and veteran's benefits? that is the president reso
to figure out is the fiscal cliff because the next component of it is going to be the debt ceiling. so i mean it is going to create some uncertainty. if we get into real tension negotiations, you know, it could be ugly again, and i don't see a big huge drop, but we could see a lot more volatility. liz: dan is tuning out anyway because he has a whole bunch of picks that he hopes will have the same type of return that he had for six months on genesse wyoming. your first pick is down 10% over the past year, it's an aerospace pick. >> one of my best analysts did great work on this. it's been a holding on us. owned more and owned less. great longer term holding. they've hit some speed bumps, but we feel comfortable as they're in a good position as the aerospace area continues to grow. they sell into airbus and other boeing products as well. liz: they are covered. >> they are more than covered. liz: you have two financial names, raymond james is up, but i want to talk more about lazard as well. we may cycle through raymond james to show our viewers that. but lazard up 24% year over year. that'
. coming gap, president of bond -- obama demanding part congress dr jobs and raise the debt ceiling. slip in the showers. lawsuits by prison inmates causing taxpayers more than $100 million. i'll break it down next. ♪ gerri: taxpayers on the hook for more than $100 million thanks to lawsuits from prison gerri: here at "the willis report" we bring you the stories of government abuse of our taxpayer dollars every day. today we have a doozy. they say crime pays and, boy, does it. inmates held at rikers island here in new york been suing the city for injuries they say they received in jail. now, some say they slipped on suppleness shower while others say the beds were too short and injured them. i kid you not. one fellow has been locked up in rikers since 2009 for apparently firing on to new york police department cops. he says a stop up rain in the shower cost of defaults. he says the city is at fault for not putting down rubber mats or those big orange hazard comes. people familiar with the sec in order prisoners share names of lawyers, even putting attorney contact information year jail
of the market. the next 45 to 60 days has incredible uncertainty. the debt ceiling, obviously. three months is not a long period if that is the extension. i don't think it should be part of the negotiation. reagan actually raised it 17 times. the sequestration would be negative. >>neil: did you feel that way when every democratic including then senator obama voted against it? >> i would have told him he was wrong. i think it should not be part of negotiation. >>neil: you do not like the extension because it doesn't address it? >> three months doesn't do anything. >>neil: how will wall street be in the remaining weeks? >> nervous about the debt ceiling and sequestration that hurtd g.d.p. and the fiscal deal. again, everyone wants deficit reduction. they do not want debt pour on. >> do you believe there is still an appetite to cut spending? this is a walkway that will connect the white house and the reviewing stand and the motorcade is going to the south side of the white house behind the white house, and the back of this building right now and they go to the white house to this walkway just
. that is the question of the day, isn't it, jared? the debt ceiling debate, the u.s. set to hit that $16 trillion limit on borrowing in the next month, if we haven't hit it yet. let's take a listen to what president obama had to say about the potential battle looming in congress. >> markets had could go haywire, interest rates would spike for anybody who borrows money. every homeowner with a mortgage, every student with a college loan, every small business owner who wants to grow and hire. >> jared, how does this play out? >> well, we're beginning to hear lots of sounds from republicans that are more in a compromising mode than we heard a week ago. right now they're talking about perhaps an increase in the debt ceiling that lastins for a coup months. frankly, and russ may agree with me here, i don't think markets would react very approvingly to basically just another lurch from crisis to crisis. it wasn't too long ago that, maria, you and i were in these chairs talking about the fiscal cliff. now the debt ceiling. do you want to have this discussion two months from now? >> i think everybody believes th
of people thought we were looking ahead to the debt ceiling and the republicans had a lot more leverage. that can call it into question. >> that are sounds like the president describes. i use the word lurching to the next crisis ahead. it was the fiscal cliff and then it was republicans will get their day with the debt ceiling. now they will get their day with government shut down. >> you would chat with folks at the white house and president bush indicated this in the press conference he held. there two different things. the debt ceiling will be at risk for the country's well being. after all it was in 1995, 1996 there was a federal government shut down and they butted heads and the economy survived. when we had the debate over the debt ceiling that led to the downgrade. they are two different fights and the republicans might be willing to fight on another one. there won't be as big of a risk short-term to the u.s. economy. >> thank you very much. a great pleasure having you on. former governor mark sanford said he is scared to death and calls himself a wounded warrior. but he said he
that they'll rally around. what does the gop look like for the next four years and how does it debt ceiling fit into that? >> i don't think republicans have any clear idea whatsoever of who or what ideas they'll be forward. there will a lot of soul searching going on. their idea is to find a sannish republican. that's why there's a lot of focus on ted cruz for 2016, a member of the senate. and i think they will get there eventually. but i think the real thing for investors is you can try ask play the macro picture, but don't do it without paying attention to the micropicture. the micropicture is good in the u.s. >> but you know what's interesting, in talking about the gop strategy, it sounds like they think they can solve their ills by finding the right presidential candidate. >> i agree. >> is that papering over the long wrong? >> in the end, it comes down to a place where the u.s. has become a place where more people are beneficiaries of state than not. therefore, this old american idea that, you know, the freedom of the individual against the state has to win isn't playing with the gener
that the united states could lose its top credit ceiling if the debt ceiling is not raised. timothy geithner has warned congress they'll reach that limit as early as next month. >>> asian markets plummetled ahead of key economic data. it plummeted more than 2.5% while hong kong's hang sang lost a fraction. >>> stocks ended mixed on wall street over the uncertainty of the nation's debt limit. the dow finished the day up more than 27 points while the nasdaq fell nearly 7 points. >>> shoppers spent more this holiday season than last but not as much as experts predicted. sales rose 3%, falling short of the national retail federation's forecast of 4.1%. many stores heavily marked down merchandise in the final shopping days to lure in shoppers who held back on spending. still, retailers hauled $580 million in november and december. >>> walmart says it will buy u.s.-made goods over the next decade. the retail giant is also pledging to offer a job to any honorably discharged american veteran within a year of active duty. walmart expects to hire a thousand veterans in the next five
tough ahead of the next big fight with congress over the debt ceiling. >>> the president said vice president biden has presented him with a list of common sense steps to prevent gun violence. but the biggest question is how much of it the administration can actually get passed through the congress. >>> and watching last night's golden globes, one thing was clear to me, america once again feels good about itself. we've got a new sense of optimism, and the movies show it. >>> the latest attack on science by a republican member of the house science committee. what a strange name for that crowd. that's in the "sideshow" tonight. and this is "hardball," the place for politics. zzzquil™ sleep-aid. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great id
an inauguration gift for president obama. they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because
, president obama is digging in his heels on the next battle, raising the debt ceiling. in a news conference, he said he would not trade cuts in government spending which republicans want in exchange for raising the borrowing limit. trimg the deficit should be separate from the debt ceiling. >> raising the debt ceiling does not authorize us to spend more. all it does is a america will pay its bills. we are not a deadbeat nation. >> john boehner said the american people do not support raising the debt ceiling without reducing government spending at the same time. >> listen to this. a medical scare in a buffalo, new york veteran's hospital. many may have been exposed to hiv. the pens are designed to be used by one person, but many of them were used on multiple people. >> surfers, beware. you have to look at this video. it's shocking. >> standing on the shore? >> he has his toes in the water. two sharks were spotted dangerously close to shore in honolulu. this was off of oahu. they are like ten feet offshore. >> i will call him a dingaling if he is in the water. >> he's a hero. >> there is floo
services if we do not raise the debt ceiling. we will look at that reality check at 6:00, good night. >>> on our broadcast tonight, how late is too late to get a flu shot, especially as this flu now takes its toll across the country? tonight, a status report and the doctors' advice. >>> the apology from lance armstrong. he says he's sorry. he has apologized to the charity he formed. but what exactly is he admitting after a decade of denials. joining forces in the fight over guns one month to the day now since the tragedy in newtown. parents of the victims come together to deliver a powerful message. >>> and fighting back against the food police. a big name enters the fray over sugary drinks and the obesity crisis in this country. >>> and the big talk today about last night in hollywood. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >>> good evening. a lot of folks spent this
't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking about, you know, that great a situation in terms of revenue growth, right? how would you characterize the earnings period? >> well, i think this is really important. all of this is about expectations. we're coming out of this period where investors have ripped a quarter of a trillion dollars out of stocks in favor of bonds. now they are looking at that three-year performance number of let's say the aggregate bond index and the stock market, and they are saying, you know what? earnings, fiscal cliff, all of these things that have kept me on the sidelines, truthfully the expectations just aren't that high. we've already walked down the q4 numbers very quietly, and keep in mind we're hitting the new highs in the
big would you need see in term of public -- [inaudible] take the debt ceiling off the table for the next reform years. would it be big enough? what do you need see for you and your colleagues on the democratic side to say, we're going engage in the conversation to the other side missing on entitlement? >> first of all, i have to take the debt ceiling off the table for a considerable period of time. secondly, regarding entitlement reform, let's take medicare, there are two challenges in term of medicare in the future. number one, is the rate of health care growth has been diminished. and the rate of medicare cost increased that has also been -- [inaudible] that's the first consequence or the first event of the last three years. secondly, we have health care reform, which has accelerated in health care cost increase. whattic we need to do in terms of medicare is for both parties and both house and the white house to sit down and have a serious discussion about how we continue to get ahold of medicare and other health care costs. we really need do that. our social security we h
will not negotiate on the debt ceiling, even accusing republicans of an unfortunate metaphor, holding a gun at the head of the american people, as he ut it. meanwhile, treasury secretary tim of the airline's the united states to default on payment as soon as mid february. for more of the president's is covered son joined by former reagan political director ed rollins, former pleasant to have clinton political adviser. let's start with the president's news conference today. the president seemed, well, you characterize it. he seemed to fill in the blank " >> i would say congeal. meaning that he tried to portray himself as reasonable and said that there was now negotiating and the debt ceiling, lesley because he is in a strong position politically in that the most would agree that the republicans are showing no signs of real life. lou: do you agree? >> i think the republicans rolled over and play dead. at this point in time they will draw a line in the sand. no believe they should shut government down, but i think this is a position where they need to make their se known. the president said ov
of arrangement. and we have the infamous debt ceiling that will come into play. we will see a lot of activity in the next few months, debates about the purpose of the government, about the size of the deficit, and a lot of back- and-forth over these three issues. i want to say one word about the debt ceiling. not many people understand what the debt ceiling is about. raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family, which is trying to improve its credit rating, shane, i know how we can improve our credit rating. we will pay your credit card bills. that is not the best way to improve your credit rating. all of these issues are important, but it is very important that congress take necessary action to raise the debt ceiling to avoid a situation where our government does not pay its bills. >> and number of people have expressed concern about how much of the chill news were addressed in the deal. it we
action? the latest from washington live next. david: also, maybe the answer to the debt ceiling debate is just to get rid of the debt ceiling itself? new york congressman jerry nadler wants to do exactly that. today he was author of a bill in congress to do that. he will join us for a lively debate on this later in the hour. ♪ . ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. david: s&p futures close right now. todd horowitz in the pits of the cme. todd? >> you know, it looks like we'll have the same kind of action. we'll close flat on the day on s&p action to continue so we find a funda
the debt ceiling now. that's going to be the next big thing. he's refusing to negotiate, so if the gop ties the debt ceiling to the current budget battle. listen to this. >> republicans and congress have two choices here. they can act responsibly and pay america's bills, or they can act irresponsibly and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. >> steve: here is somebody who dealt with enormous deficits firsthand, the former governor of the golden state of california, arnold schwarzenegger. good morning to you. >> good morning. nice to be here again. >> brian: he sends a warning to the republicans should they back off or take on the president? >> first of all, i think i find it interesting that when you want to have more money, if you go to any financial institution, they say look, i can't pay my bills, i need more money. they want to see their payment plan. how are you going to live responsible from here on? then you can get more money. so i don't understand that why this should not be a part of the d
a proposal. they said hey, we'll lift the debt ceiling if for the next three months you give us a budget, senate and the president. get together on a budget so we can go through the normal budget process. does that show republicans ac question yes, sirring or showing they're coming to the table more? >> you know, because i've been on shot and die it every monday with you, because i happen to like you and the show very much, all three of you, we have a lot of fun. i also know you have high ratings, so i'm very honored. i've been talking about this for weeks with you. we have to do something with regard to spending. we have to do something and we have to do it fast. and everybody, i think we missed a great opportunity and this is what we've been discussing when they didn't go over the cliff because if you went over the cliff, you would have been over the cliff for 24 hours before everything was solved with the big picture. if they gave that you opportunity, i think that at this point, if the 14th amendment is not going to be used, which it might be, i mean, you understand what i mean by t
.5 trillion dollars in cuts just to get the debt ceiling extended to next year. 2.5 trillion. congress has not been able to identify 1.2 trillion and cuts their happy with. because the same republicans say they do not want to cut the fence. and they have claimed they do not want to gut medicare or harmed the vulnerable, but the truth of the matter is you cannot meet their own criteria without drastically cutting medicare or having an impact on medicaid or affecting the defense spending. the ma justth is not add up. here is what would work. -- the math test is not at about it adds up to. 0.5 trillion dollars. the consensus is we need 4 trillion dollars to stabilize the debt, deficit. that means we need 1.5 trillion dollars more. the package i authorized to the speaker before the new year would achieve that. we were actually fairly close in terms of arriving at that number. so if the goal is to make sure we're being responsible about the debt and the deficit, it that if the conversation we're having, i am happy to have that conversation. by closing additional loopholes through tax reform, wh
the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american pub
to entitlement reform with a gun to your head that is what is happening with the debt ceiling. >> we didn't get to it fore then. melissa: great discussion. next on "money", a stunning number of americans are using their 401(k)s to pay for every day expenses. a top financial planner said you couldn't make a worse decision. he is here to explain. we also asked for some other options if you're in this situation. >>> plus, dand for gas is falling to lows not seen in nearly a decade. many are giving credit to stiff fuel efficiency mandates. i'm not sure i'm buying that. that is coming up though. do you ever have too mh money? ♪ . i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you complete, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enbrel may lower your ability to fight
with the debt ceiling. >> we didn't get to it before then. melissa: great discussion. next on "money", a stunning number of americans are using their 401(k)s to pay for every day expenses. a top financial planner said you couldn't make a worse decision. he is here to explain. we also asked for some other options if you're in this situation. >>> plus, demand for gas is falling to lows not seen in nearly a decade. many are giving credit to stiff fuel efficiency mandates. i'm not sure i'm buying that. that is coming up though. do you ever have too much money? ♪ . suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your
debt ceiling, which will come into play. so we will be seeing a lot of activity in the next few months, debates about people criticize the government, about the size of the deficit, and it a lot of back and forth over these three issues. without going into all the different ramifications, i want to say one word about the debt ceiling, which is not everybody understands what the debt ceiling is about. the debt ceiling -- raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it does not create new deficits. it does not create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit ratings and i know how we can save money, we will not pay our credit card bills. not the most effective way to improve your credit rating. it was a very slow solution to the debt ceiling in august of 2011 that got the u.s. downgraded last time. so it's very important. all these issues are important, but it's very, very important that congress take necessary action to raise the debt ceiling
. he announced if congress doesn't work with him and raise the debt ceiling will america will go into default and we might have to sell florida. say goodbye to nana and pop pop. >> chimpy up next. >> the morning news starts at 4:30 appreciate your time have a good night. a good night. >> good night
. >>> coming up, dick gephardt on the debt ceiling and a lot more. >>> still to come, the next issue is disrupting the world of magazines by putting thousands of your favorite titles right at your fingertips. the company's ceo talks business succe success. right here on "squawk box." ♪ let's go. ♪ ♪ ♪ [ male announcer ] introducing the all-new cadillac xts... another big night on the town, eh? ...and the return of life lived large. ♪ with multiple lacerations to the wing and a fractured beak. surgery was successful, but he will be in a cast until it is fully healed, possibly several months. so, if the duck isn't able to work, how will he pay for his living expenses? aflac. like his rent and car payments? aflac. what about gas and groceries? aflac. cell phone? aflac, but i doubt he'll be using his phone for quite a while cause like i said, he has a fractured beak. [ male announcer ] send the aflac duck a get-well card at getwellduck.com. thor gets great rewards for his small business! your boa! [ garth ] thor's small business earns double miles on every purchase, every day!
at the general than saks, that's bad news. the debt ceiling fiasco, and the negotiation of the budget sequester, we could see actual cuts to entitlement programs in the next few months, at least there will be tons of chatter in the media about it i don't think either the republicans or the democrats have the guts to cut entitlements. what does this have to do with the dollar stores? you cut program that help people who shop at dollar stores, you hurt these stocks. the low-ends retail environment is more competitive. they have to become more promotional, code word for more discounts. in order to hold their own, they vo have to put real pressure on margins. the higher payroll taxes on consumers, it's very hard to make the case that dollar stores can be owned here. it's true companies have big long-term growth stories, and they have to expand store base around the country. that's not a reason to buy them as long as existing stores have so much trouble. at this point, dollar stores may be too cheap to go much lower, dollar tree sells 14 times earnings, and when their historical multipliers are high
to be on track to avoid another standoff on the nation's debt ceiling. at least for now. top republicans backed down from their hard line stance and say they will vote next week to raise the government's borrowing limit for another three months, without demanding immediate spending cuts. they are hoping the move will force senate democrats to get involved in the deficit reduction debate by passing a budget by april. >>> and former new orleans mayor, ray nagin, who promised to crack down on corruption, has been indicted on corruption charges. nagin is facing 21 counts, including wire fraud, bribery and money laundering. abc's mark greenblatt has this story. >> reporter: indicted for corruption. the one-time former rock star mayor of new orleans, stands caused of becoming exactly what he campaigned against. >> this state and this city, is saying to the old-line politicos we're tired of the games. we're tired of the corruption. and we want to go in a new direction. >> reporter: it's a striking fall from grace for ray nagin, as the justice department now charges him with awarding lucrative city con
is threatening the full faith and credit. >> it undermines your argument to have it during the debt ceiling debate. >> we can have this debate right now. we need it for the next month and come together a month from now and figure out where we stand. to prejudge this debate and say the president won't do x, the president won't accept cuts before we go the american people and say it's unreasonable to have a president of the united states who doesn't think we have to have spending cuts. >> i would be advising the president the same thing. look out to congress you guys send me a bill to raise the debt ceiling. >> you would be advising the president. >> use the spending sequester. it's so important to drive through and then the continuing resolution. a lot of damage can to be done on these three to six months crs. thank you very much. now we have evidence of some strength in the economy. today the numbers are pretty good. will it keep spurring the stock market? i'm bullish on that story. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thin
came out with it with regards to the policy and the debt ceiling and the three-month plan and we'll dig into that in the next hour. how else did they regroup? what else did they say about rebranding? >> they said it was one of the best retreats they'd had in years and it was with rank and file and a lot of educating with the newer members explaining what will be happening in the next three months regarding the sequestration and the end of the short-term budget deal and everyone seemed to leave in a much better move than when they arrived but they admit that they've got work to do. paul ryan described it best when they said one of the things we're discussing is the fact that we control the house they control the white house especially following the results of the november election. >> it sounds like they're changing the tone a little bit. >> this was really important for the house republicans because they didn't do this when it came to them coming into power after two years ago when they took back control in 2010. so it helped for john boehner to get his troops in line and to get the con
ceiling. is it an overrated crisis? our next guest is from austin, texas, james galbraith, university of texas economist. also the author of "inequality and instability." we want to talk to but the debt ceiling, particularly entitlements, james. what is your sense, if today and now is not the time to cut entitlements, when is the time to cut entitlements? >> i don't think it's a good idea, from the standpoint of the future of the american economy to reduce the security that people expect in their old age. so we're talking about social security here. talking about mid care. we're talking about medicaid. these are foundations for the future life of most of the working population of the country at the moment. if you cut them, people will draw back in their current activity, at least to some degree. >> right. >> so you're basically saying you're going to do something which will squeeze people's living standards out in the future. it will not have any direct effect today on economic activity. except to the extent that people react to that by deleveraging more and saving more. which they wi
to take it but congress needs to send him a debt ceiling increase. remember the debt sealing acording to the treasury department is due to run out to laps and we would approach a default position sometime in the middle of february, just next month. there is not a lot of time. now republicans have said and i asked the president about this you know, historically the debt ceiling because it oftentimes difficult to get votes in congress to pass a debt ceiling, has often been accompanied by fiscal or deficit reduction measures. back in the '80s, the '90s and even in president's presidency himself he has signed four laws raising debt ceiling. three were tied to some sort of fiscal management, legislation itself. but the president now says i'm tired of negotiating all those things, raised the debt ceiling and then i will get on with other conversations with you about dealing with the sequester, the across-the-board spending cuts and other budget related issues. but not until you take care of the debt ceiling and get that off the table that was the president's principal message today and he g
are -&consid extension to the debt ceiling t. are weighinggthe eeefits of an extensioo as a ay o get the senate and white house engaggd in future limmt wouud haveeto include 3-3 spending cuts..ouisiana rrpresentattve john fleming says most memmers are waiting poollbehinddthis decisiin is g 3 to keep thh momentum for reaching a broader eal going. prrsident obama took a break from being leader a date night with the ffrst lady. mrs. obama &pcelebrated her 49-th bbrthday peeterday where she dined tt caaeemilano..... an upscalee italiannrestaurrnt in georgetown. the birthdaa girl was also sporting a newwhair styll for her big day. coming up... you can't go wrong... with jewe. jewelry.the half off gift card beiig ffered by a local yyu'reewatching fox 455morning &pws.. all local.. all -3 ((break 5)) a prospeccor in australia strikes gold.....literally. he put his state of the art metal detector to good uss and found and a átwelveá pound gold nnggee.....worth about 295- thousand-dollars. the man wants to stay nonyyous...and plans to sell the gold off tt the igh
political fights await over the debt ceiling and issues like gun control. the next few hours are about celebrating. first a parade from the u.s. capitol to the white house, then a night of inaugural balls. the formal parties await tonight. the political policy will wait until tomorrow. after that church service this morning, the obamas and bidens returned to the white house. they had coffee with the leaders of the house and senate. these were republicans and democrats. back to you. >> thank you, emily. so stay tuned to the cron cron because we'll carry the ceremony live right here. it starts at 8:30. then we'll also have the inaugural parade live. that starts at 10:35. >>> bay area weather and traffic with a live look from mount tam. erica kato has the latest. >> there is a clear start to the day. we did have some fog developing in some of the north bay valleys. a lot of people noticed how cold it was. some locations still in the upper 20s. it's a frigid start for some. but this afternoon we're pretty much all in the same boat. that includes mid- to upper 60s. a very pleasant day ahead
sovereign ratings for fitch, david riley, will join us in the next hour. bernanke weighing in on the debt ceiling in michigan late yesterday. >> raising the debt ceiling, which congress has to do periodically, gives the government the ability to pay its existing bills. it doesn't create new deficits, it doesn't create new spending. so not raising the debt ceiling is sort of like a family which is trying to improve its credit rating saying, i know how we can save money, we won't pay our credit card bills. not the most effective way to improve your credit rating. >> the metaphors, jim, whether it's a family not paying the credit card bills, the president saying it's like dining and dashing at a restaurant, the only thing is we've got two weeks of respite and then we're off to the races again. >> after the civil war, there was tremendous partisanship in this country. a tumultuous time. the level of bipartisanship. there's such hatred that you can't get in a room. it never seems like obama gets in the room. biden got in the room beforehand. but look, everybody hates each other down there. it'
bob goodlatte later on. next we will switch topics and take a look at the debt ceiling debates coming up as well as tax reform with the top democrat on the house ways and means committee, sander levin. we will take a break and we will be right back. >> ♪ ♪ [video clip] >> the greatest honor history can bestow is the title of peacemaker. this honor now beckons america a chance to help lead the world at last out of the valley of turmoil and onto the high ground of peace that man has dreamed of since the dawn of civilization. [video clip] >> we must embark on a new program, the benefits of our thentific event advances, for improvement and growth in underdeveloped areas. >> this weekend, exploring the history and traditions of presidential inaugurations. live saturday morning at 11:00 eastern, part of three days of american history tv, right through inauguration day, on c- span3. [video clip] >> he had been talking about this dream that he and had. he talked about it for years, the american dream, then it becomes his dream. he had been in detroit just a few months before and he had ta
knows for the next two months all we're going to be talking about is the debt ceiling, sequestration, the continuing resolution, ending the fiscal cliff, all of these. >> you're not questioning his motives of what he's suggesting. he'd rather have a conversation about guns than the debt ceiling? >> i think the president is trying to get political support from his base, maybe he feels it strengthens him going into negotiations with the republicans or the fiscal issues. listen these guys won't even ban assault weapons, how can you trust them on taxes and spending. i see it as building up his political position which is not wrong but i don't think in his heart of hearts he thinks he's going to pass any significant legislation. >> congressman king in the studio after my asking all the time. >> i couldn't stay away from you, soledad. >> she's not really a tough interviewer is she? >> she's very nice and multiracial -- >> are we rolling on this? i love this. keep the nice part. i would appreciate that. >> she was the irish-american woman of the year, there you go. >> and i accepted. nice t
@cnbc.com. >>> when we come back, the debt ceiling spike. you've heard the doom and gloom warnings. but is there really a chance ta uncle sam defaults on the nation's bills? our next guest says, yes, there is. we'll find out why. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. . >>> welcome back. u.s. equity futures at this hour down about 31 points or so is what we're expecting so far. making headlines, atari's u.s. operations filing for chapter 11 bankruptcy protection. >> oh, no. >> yeah. the video gamemaker wants to separate from its french parent company and that company is filing a similar motion separately in france. atari says the move is necessary to security investment in its needs to invest in mobile and downloadable games. >> that would be great, space invaders coming to my blackberry soon. >> missile command. >> i
: not pretty though. as you just said, tracy, less than a month away from hitting the debt ceiling. while several ideas have been floated to address it our next guest says it is time to skip the gimmicks to reach a long-term solution. wouldn't that be nice. tracy: imagine. ashley: maya mcginn necessary, committee for responsible budget and head of the campaign to fix the debt. maya, democrats came out with a new plan to eliminate the federal debt ceiling. tim geithner thinks we should eliminate it. ben bernanke thinks we should eliminate it. moody's a while ago why are we using a debt ceiling because we're one of the few countries left in the world that does. we have a debt ceiling but look at the debt problem we're in. what good is it? >> well, i think as it stands right now the debt ceiling is one of the only reminders that's there to push action. if we take a step back, think about how we should actually deal with this, which is there is a huge fiscal problem. we all know that. congress, instead of fighting over the debt ceiling and fingerpointing on the general issues, should be worki
this whole debt ceiling out was his strategy--i don't think you'll hear john boehner say he got 99% of what he wanted. >> cenk: the ending of the negotiations. but whether they're going to negotiate or not i think the president will say i'm not going to negotiate over the debt ceiling, but the sequester is happening at the same time and i'm negotiating over the sequester. >> that might be part of the negotiation. the president was careful today in this press conference as you just showed to say we're talking about in. this is about doing the debt ceiling about paying the debt. it has nothing to do with the sequester. he didn't talk about them together. he talked about them separately. in fact, that's where the negotiating will happen. he said to congress we'll have to figure out a way not to increase deficit. it will have to come with spending cuts. >> cenk: more austerity, i wouldn't do any more of it. but he also talked about guns. >> he was asked about guns. i think what we'll hear him talk about hear here now but 836 people now since the newtown tragedy has died. that's almost as if we
themselves. host: next we will hear from a democratic caller, dan. if the debt ceiling negotiable? caller: it should not be. but if the republicans want to force negotiations, the president ought to prioritize by not sending any money to the republican-controlled states in the south. if he has the priorities. my suggestion for future show might be to get a list of all the donor states and all the receivers states. these people calling from the red states that gets $1.70 for every dollar they get and always screaming about cuts, if you should ask them if they are willing to deduct 5% from what they send to the federal government and live on that. thank you. host: chris in chicago, republican, your thoughts? caller: i don't think the debt ceiling should be negotiable, simply because the president won the election, congress also won reelection. it should not be. it's under a false premise. if the debt ceiling is not raised, that we would go into default. that's not true unless tim geithner air this id will actually follow the law and pay the service on the debt and collect more money in taxe
be planning an ipo. stocks ended day mixes an investors remain concerned about debt ceiling discussions. your bloomberg silicon valley closed lower, apple, and hewlett-packard some drag there's. >> and the last time bloomberg west visited with ross levinson he took us for a spin in los angeles there he is in los angeles.p%ypy now, he's just been hired as ceo of gugen him digital media a spinnoff from gugen him partners. he will oversee hollywood reporter and work with dick clark productions. i'm emily chang, larry, carolyn, back to you. >> thank you. this cold snap is having a big impact on the homeless. but one group is offering much-needed help. we have more in san jose. >> thank you so much. >> 100 homeless people who have been suffering have found salation. >> it's been a cold winter this year. and this is terrific. >> sacred hard dubbed them survival facts. under wear and stocks -- socks >> things are hard. they helped us a lot. food, clothes. lots of things. >> this happened twice per month on the first and 15th once someone receives one their not eligible for three months fwhu is just
very much. tic took on the debt ceiling dead line. a month left before the u.s. breeches the borrowing limit as you heard from steve. no agreement to raise it in sight. former senator alan simpson is here with me next. he's the cow author of controversial simpson/bowles deficit reduction plan. find out what he has to say now as we're edging closer and closer to that debt ceiling. >>> later, no way to get to work equals no job. a new study shows 3.5 million jobs will be lost if we don't start rebuilding america's infrastructure, today. we'll debate the high-stakes issue affecting all of us in the back half of the program. don't miss it. back in a moment. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. omnipotent of opportunity. you know how to mix business... with business. and you...rent from
past his next fight, when everett will be about raising the debt ceiling. we just heard from the president this morning saying that this is an important issue, but we're not point to sacrifice things like entitlement. that said, the back half of 2013, for the economy, what is the likelihood is strong in the first half once we ideally get past these issues, these fiscal issues? >> that's a great question. that is a huge if. our debt keeps growing and growing. now, if that happens and there is no big political bonds out there that we are not aware of and big discussions the last two years with no resolution then people should start to hire people. they have done that for the past hundred and 50 years. we are really in a very uncertain sign. the guys in washington are not making it better by not getting along in making policies early enough so that these businesses can decide what they're going to do. lori: we just heard from our colleague on the public sector. cash on the sidelines. tons of revenue being generated overseas. is the private sector able to enjoy that and all? so m
or not to do. >> reporter: if washington fails to act on the debt ceiling the national economy could -- [no audio] >> reporter: because of the potential risks to our state budget that is one reason they say they want to create that $1 billion reserve and where the budget stands, that will be better known in may when we will know if the surplus has grown. ken pritchett, ktvu channel 2 news. >>> 49er fans are looking forward to a huge game this weekend. if they win they will go to their 6th super bowl. saturday night the 9ers destroyed the packers and a lot of fans are confident they will do well against the falcons. the championship game is sunday in the georgia dome and fans are optimistic even though the last time the 49ers won a road plaintiff game was 24 years ago. >> it is exciting wherever they win. there, here, no matter what it is still great. >> 49ers gear is selling fast. we checked with sf sports in san francisco, they say they are completely sold out of colin kaepernick jerseys. ktvu channel 2 news will have coverage of the championship game on sunday at 9:30 a.m. with championsh
forward this week and we're going to try to extend the debt ceiling by a few months to give the congress and the president more breathing room. to address a long-term balanced budget over the next ten years. we have automatic spending cuts coming in place as part of the sequester. spending cuts in march and then the government funding mechanism the end of march and that will give awes opportunity to pass the budget in the house, pass the budget in the senate and recognize those two. >> greta: you'd vote for increasing the debt ceiling. >> par coming this week, attached to it, pass a budget by april 18th otherwise members wouldn't receive any pay. it's unfortunate that we have to take that step, but the senate hasn't passed a budget now if four years and we need them to outline their priority. >> greta: or you're no? >> yes. >> i'd be hesitant to raise the debt ceiling or just put it on the side for right now. we need real solutions. what he's been outlining here are the true problems that we face today. something, as much as i was in awe seeing the president today and hearing his beautif
night at 8 on c-span's "q&a." >> next, a discussion on the debt ceiling and deficit reduction debate. this was part of a brookings institution forum on jobs and the economy. this panel is an hour or and 20 minutes -- an hour and 20 minutes. [inaudible conversations] >> all right. should we get started again? um, i'm either using that vision, or that clock is way off. but i'll use my watch. okay. so if everybody could come in from coffee and sit down, we'll get started on our second panel. and we're delighted to welcome a really terrific set of panelists, lew kaden, vice chair of citi, maya macguineas who is now involved in or leading the fix the debt campaign. bob mcdonald who is the ceo and president of procter & gamble, and ralph schlosstein who's the ceo of ever corp.. so really a terrific group. let me just give a little bit of context, at least while everyone's filing into the room. i'm martin baily with the economic studies program at brookings. if we cast our minds back to the 1960s, the 1960s, obviously b, was a troubled decade politically, but economically growth was pretty
have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass a budget putting them on the record about to spend how much they want to spend next year and on what, scott. >> pelley: nancy, thank you. major garrett told us a momentrrett to ago the president cited the newtown tragedy in his inaugural his ina address and calling for new gun control measures but did thees but d president change any mindsge any m today? we ask we asked elaine quijano to find out. >> reporter: south philadelphia high school is in one of the toughest parts of the city. every one of principal otis toug hackney's students must pass through these metal detectors. you want to see tighter gun control measures?es >> most definitely. >> reporter: he watched the inauguration with his wife and daughter, nearly 1,300 people were shot in his city last year. like what would you like to see happen happen in the president's second term? >> i would like to see him continue to fight.you know so, you know, the time is now, we've seen what happened at
regarding the debt ceiling. >> reporter: he said if washington fails to act on the debt creel, the national economy could dip, throwing all of the numbers off. >> that's going to have a very significant effect on revenues in california. >> reporter: the govern's budget that was released last thursday will be revised or updated in may. that is when we will truly know if our surplus plus has grown with the economy, or if it has dropped. >>> it doesn't look like survivors who filed lawsuits against pg & e are for the deadly san bruno explosion will go to trial. during a hearing in san mateo county superior court today, attorneys said they have come up with a process that should take about 90 days to settle the remaining legal claims. about 320 residents filed suit, and so far mediation efforts have netted settlements for some 120 plaintiff. >>> family members and politicians are calling for more resources to prevent military suicide as the number of suicides last year surged. numbers obtained from the pentagon show there were 349 suicides by service men and women in 2012. that's almost one a
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